What’s Stripe’s deal?

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]

What’s Stripe’s deal? by Mary Ann Azevedo originally published on TechCrunch

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VC funding to Black web3 founders popped last year, bucking trends

Funding for Black web3 founders has only increased, and the crypto winter proved the most fruitful year.

VC funding to Black web3 founders popped last year, bucking trends by Dominic-Madori Davis originally published on TechCrunch

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Stripe eyes an exit, Dell bets on the cloud, and Shutterstock embraces generative AI

Hey, party people, it’s Kyle, continuing to step in for Greg to write Week in Review as he spends time with his newborn. Dunno about y’all, but it’s been a week. I’m dead tired and thankful it’s over. But because the news never sleeps, I’m rallying with the help of a fourth cup of coffee. […]

Stripe eyes an exit, Dell bets on the cloud, and Shutterstock embraces generative AI by Kyle Wiggers originally published on TechCrunch

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The latecomer advantage in startups

Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Sometimes, due to the nature of the startup game, we over index on “the new.” Companies want to build for the pain point you never […]

The latecomer advantage in startups by Natasha Mascarenhas originally published on TechCrunch

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Where should sales sit in product-led companies?

The adoption of product-led growth is changing how B2B companies conduct their business and leading some of them to reorganize their teams.

Where should sales sit in product-led companies? by Anna Heim originally published on TechCrunch

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Aptos wants to shake up the blockchain space by creating more economic value, co-founder says

Welcome back to Chain Reaction, a podcast diving deep into stories, backgrounds and the latest news with the biggest names in crypto. For this week’s episode, I sat down with Mo Shaikh, co-founder and CEO of the layer-1 blockchain Aptos. Shaikh is a three-time founder with over a decade of experience in financial services as […]

Aptos wants to shake up the blockchain space by creating more economic value, co-founder says by Jacquelyn Melinek originally published on TechCrunch

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Toyota’s surprise executive shakeup may disappoint investors

The 66-year-old Akio Toyoda may have resigned as president, but it appears likely that he'll still be in control.

Toyota’s surprise executive shakeup may disappoint investors by Tim De Chant originally published on TechCrunch

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Daily Crunch: Stripe responds to report that it seeks to raise $2B with a terse ‘no comment’

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: Stripe responds to report that it seeks to raise $2B with a terse ‘no comment’ by Christine Hall originally published on TechCrunch

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NASA’s ‘Mega Moon Rocket’ aced first flight and is ready for crewed Artemis II launch

The enormous Space Launch System passed its first test with flying colors, NASA’s preliminary analysis concludes, and the rocket and Orion capsule are good to go for their next mission: Artemis II, which will carry a crew to lunar orbit. After numerous delays and enormous cost overruns, some worried that the SLS (nicknamed the “Mega […]

NASA’s ‘Mega Moon Rocket’ aced first flight and is ready for crewed Artemis II launch by Devin Coldewey originally published on TechCrunch

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What’s going on in the Dutch startup scene?

TechCrunch spoke with HRH Prince Constantijn at CES earlier this month about startup innovation in the Netherlands.

What’s going on in the Dutch startup scene? by Haje Jan Kamps originally published on TechCrunch

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The current legal cases against generative AI are just the beginning

As generative AI enters the mainstream, each new day brings a new lawsuit. Microsoft, GitHub and OpenAI are currently being sued in a class action motion that accuses them of violating copyright law by allowing Copilot, a code-generating AI system trained on billions of lines of public code, to regurgitate licensed code snippets without providing […]

The current legal cases against generative AI are just the beginning by Kyle Wiggers originally published on TechCrunch

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Uber Eats now shows you how much of your information is shared with delivery people

Uber Eats is introducing a new feature that shows users how much of their personal information is shared with their delivery person when they place an order on the app. The feature, which is called “View as Delivery Person,” is designed to add a level of transparency when ordering food via the app. The feature […]

Uber Eats now shows you how much of your information is shared with delivery people by Aisha Malik originally published on TechCrunch

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Report: Stripe tried to raise more funding at a $55B-$60B valuation

When payments giant Stripe raised $600 million at a $95 billion valuation in 2021, it made headlines for raising capital at the highest-ever valuation for a privately-held startup. Defending that valuation appears to be proving challenging. The fintech company has reportedly approached investors about raising more capital — at least $2 billion — at a […]

Report: Stripe tried to raise more funding at a $55B-$60B valuation by Mary Ann Azevedo originally published on TechCrunch

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Starling Medical’s new urine-testing device turns your toilet into a health tracker

The Houston-based company wants to prevent hospitalizations from chronic conditions, including urinary tract infections, diabetes and kidney disease.

Starling Medical’s new urine-testing device turns your toilet into a health tracker by Christine Hall originally published on TechCrunch

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After mothballing Amazon Care, Amazon reenters tele-health with Amazon Clinic, a marketplace for third-party virtual consultants

The ink is not yet dry on Amazon’s $4 billion acquisition of OneMedical, but in the meantime, the online services giant is making one more move into telehealth, and into medical services overall, on its own steam. The company today is taking the wraps off of Amazon Clinic, which Amazon describes as a virtual health “storefront”: users can search for, connect with, and pay for telehealth care, addressing variety of conditions that are some of the more popular for telehealth consultations today.

Amazon Clinic is initially launching in 32 states in the U.S.. It does not work with health insurance and this point, and overall pricing will vary depending on providers, conditions, and location. (One example, connecting with a clinic for acne treatment in Nevada will cost around $40, and you get a choice of two providers whose different offers are provided in a comparative table. Another example, for pink eye (conjunctivitis) in New Jersey, has a wider price gap of between $30 and $48 between the two providers listed.)

Amazon Clinic appeared to leak out about a week ago when users spotted a video on YouTube that was then quickly removed as media picked up on the attention. Now, it is launching officially, and at a critical moment.


It’s only been a few months since Amazon shut down Amazon Care, which had been a telehealth service that it created for its own employees before stepping up plans to launch it nationwide and to third-party companies. And more generally, the company is, like many others in tech, feeling the economic pinch. It is reportedly gearing up to make a big round of layoffs, potentially 10,000 jobs and possibly this week; and additionally to that it’s been downsizing and cutting a number of its operations.

Amazon Clinic is about the company taking another pass at the healthcare market, and positioning itself as a player in what is a perpetual problem in the U.S.: how to bridge the gap between people needing medical help for ailments that are more complicated that a trip to the drug store, but might not justify expensive and time-consuming trips to the doctor.

(Other conditions it will cover addition to acne and pink eye include asthma refills, birth control, cold sores, dandruff, eczema, erectile dysfunction, eyelash growth, genital herpes, gastroesophageal reflux disease (GERD), hayfever, hyperlipidemia refills, hypertension refills, hypothyroidism refills, men’s hair loss, migraines, sinusitis, smoking cessation, urinary tract infections (UTIs), yeast infections and so on.)

Clinic is very much built in the Amazon mold. It’s a marketplace where third parties can leverage Amazon’s platform and reach to find customers, and Amazon can leverage third parties to quickly scale what offers to its consumers. And it helps Amazon extend the business funnel for other Amazon operations — in this case Amazon Pharmacy, which can fulfill any prescriptions that come out of Clinic consultations, and has reportedly not been as big of a boom in business as expected. (Users can fill Amazon Clinic scripts in other pharmacies, too.)


We’ve asked Amazon if it plans to provide its own in-house (private label, in e-commerce parlance) telehealth consultancy utalongside third parties, and what the plans are for further states, whether there are international ambitions, and if it will accept health insurance for Clinic in the future. It may well be that this is laying the groundwork for Amazon to link up what it is building here with OneMedical when that acquisition closes.


The bigger picture for Amazon Clinic is that the service will sit within Amazon’s bigger ambitions in the healthcare market. The company already has an online chemists, Amazon Pharmacy, which fulfills subscriptions and lets users additional buy over-the-counter drugs via Prime memberships that ship the items within two days.

Amazon also believes its new telehealth service addresses a gap in the market for providing users with health consultations for more minor ailments. Some situations need more direct physician involvement, which might be covered with One Medical or one’s existing healthcare coverage; some situations might be addressable by visiting a pharmacy on one’s own steam.

“But we also know that sometimes you just need a quick interaction with a clinician for a common health concern that can be easily addressed virtually,” the company noted in its blog post announcing the service.

Amazon has been making inroads, and laying out its ambitions, in healthcare for a number of years. Amazon Pharmacy was launched off the back of its acquisition of PillPack. And it’s been exploring healthcare as an enterprise opportunity, with integrations of Alexa into healthcare environments.


But Amazon Care is not the only step back it’s taken in its longer journey. In 2018, it formed a JV with JP Morgan and Berkshire Hathaway to build an employee healthcare operation, appointing a high-profile doctor to lead it. That service never appeared to take shape as expected and shut up shop in 2021.

We’ll update this piece as we learn more.

source: techcrunch.com

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